Gavilon Statement on Acquisition by Marubeni Corporation
Omaha, Neb. (May 29, 2012) – The Gavilon Group, LLC today issued the following statement regarding its proposed acquisition by Marubeni Corporation, one of the largest general trading companies in Japan.
"We are pleased that our strategic review process has resulted in an agreement to become a wholly owned subsidiary of Marubeni,” said Greg Heckman, president and chief executive officer of Gavilon. “As part of a larger trading organization, Gavilon will be well-positioned to more efficiently connect supply with growing global demand.
“Marubeni and Gavilon share a similar focus on customers, employees, growth and risk management, and we anticipate minimal changes to our organization and operations,” he added. “We are excited by the opportunities this transaction will create and look forward to what we will achieve together."
Morgan Stanley acted as sole financial advisor and Jones Day acted as legal advisor to Gavilon in connection with the transaction.
About The Gavilon Group, LLC
The Gavilon Group, LLC is a leading commodity management firm, connecting producers and consumers of feed, food and fuel through its global supply chain network. Gavilon leverages its strategic partnerships and more than 300 facilities and regional offices worldwide to link agricultural and energy supply with demand. The company provides origination, storage and handling, transportation and logistics, marketing and distribution, and risk management services to tens of thousands of customers each year.
Headquartered in Omaha, Nebraska, Gavilon employs 2,000 people around the world and is ranked America’s 19th largest private company by Forbes. For more information, please visit www.gavilon.com.